SYK Financials Stryker Corporation

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 11.8% per year over the past 5 years.
Net income has grown faster than revenue (15.2% vs 11.8% per year).
Operating margin has expanded, at 19.5% in the latest year.
Free cash flow has grown 9.0% per year over the past 5 years.

Financial health

Total debt ($15.9B) exceeds cash ($4.0B); net debt is $11.8B.
Total debt has grown slower than revenue (2.5% vs 11.8% per year).
Operating income covered interest expense 8.1× in the latest year.
Total debt is 2.5× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 39.6% of earnings and 30.0% of free cash flow.
The dividend has grown 8.3% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$25.1B	$3.2B	64.0%	19.5%	$4.3B	$15.9B	$4.0B
2024	$22.6B	$3.0B	63.9%	16.3%	$3.5B	$13.6B	$3.7B
2023	$20.5B	$3.2B	63.7%	19.0%	$3.1B	$13.0B	$3.0B
2022	$18.4B	$2.4B	62.8%	15.4%	$2.0B	$13.0B	$1.8B
2021	$17.1B	$2.0B	64.1%	15.1%	$2.7B	$12.5B	$2.9B
2020	$14.4B	$1.6B	63.1%	15.5%	$2.8B	$14.0B	$2.9B
2019	$14.9B	$2.1B	65.1%	18.2%	$1.5B	$11.1B	$4.3B
2018	$13.6B	$3.6B	65.7%	18.7%	$2.0B	$9.9B	$3.6B
2017	$12.4B	$1.0B	65.7%	18.5%	$961M	$7.2B	$2.5B
2016	$11.3B	$1.6B	66.3%	19.2%	$1.4B	$6.9B	$3.3B
2015	—	$1.4B	—	—	$711M	$4.0B	$3.4B
2014	—	$515M	—	—	$1.5B	$4.0B	$1.8B
2013	—	$1.0B	—	—	$1.7B	$2.8B	$1.3B
2012	—	$1.3B	—	—	$1.4B	$1.8B	$1.4B
2011	—	$1.3B	—	—	$1.2B	$1.8B	$905M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$6.0B	$745M	63.3%	15.5%	$415M	$14.7B	$2.9B
Dec '25	$7.2B	$849M	64.5%	25.2%	$1.9B	$15.9B	$4.0B
Sep '25	$6.1B	$859M	63.6%	18.7%	$1.4B	$16.6B	$3.3B
Jun '25	$6.0B	$884M	63.8%	18.5%	$928M	$16.6B	$2.4B
Mar '25	$5.9B	$654M	63.8%	14.3%	$127M	$16.8B	$2.3B
Dec '24	$6.4B	$546M	64.9%	9.0%	$1.7B	$13.6B	$3.7B
Sep '24	$5.5B	$834M	64.0%	19.7%	$1.3B	$15.5B	$3.9B
Jun '24	$5.4B	$825M	63.0%	19.4%	$481M	$12.2B	$1.9B
Mar '24	$5.2B	$788M	63.6%	18.5%	$37M	$12.9B	$2.3B
Dec '23	$5.8B	$1.1B	63.7%	21.6%	$1.4B	$13.0B	$3.0B
Sep '23	$4.9B	$692M	64.3%	19.0%	$902M	$12.7B	$1.9B
Jun '23	$5.0B	$738M	63.7%	19.3%	$536M	$12.9B	$1.4B
Mar '23	$4.8B	$592M	63.1%	15.4%	$315M	$13.1B	$1.7B
Dec '22	$5.2B	$563M	62.2%	15.6%	$815M	$13.0B	$1.8B
Sep '22	$4.5B	$816M	62.1%	18.0%	$751M	$12.8B	$1.4B
Jun '22	$4.5B	$656M	62.9%	17.2%	$386M	$13.4B	$1.0B
Mar '22	$4.3B	$323M	64.0%	10.5%	$84M	$14.1B	$1.5B
Dec '21	$4.7B	$662M	64.8%	17.4%	$794M	$12.5B	$2.9B
Sep '21	$4.2B	$438M	63.5%	13.8%	$803M	$12.7B	$2.6B
Jun '21	$4.3B	$592M	64.6%	17.0%	$772M	$12.7B	$2.2B

Valuation over time

How the market has priced SYK against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 46.4× (Mar '23) to 37.3× (Jun '26).
The price-to-sales ratio has fallen from 5.9× (Mar '23) to 4.8× (Jun '26).
The dividend yield has risen from 1.0% (Mar '23) to 1.1% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is SYK growing its revenue and profit?

Over the past 5 years, Stryker Corporation's revenue has grown 11.8% per year, and net income grown 15.2% per year. These are computed facts, not advice.

How much debt does SYK have?

As of FY2025, Stryker Corporation reported $15.9B of total debt against $4.0B of cash; operating income covered interest expense 8.1×.

What is SYK's profit margin?

In FY2025, gross margin was 64.0%, operating margin 19.5%, and net margin 12.9%.

What is SYK's P/E ratio?

As of Jun '26, Stryker Corporation traded at a price-to-earnings ratio of about 37.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.